Archive for the ‘Raleigh movers’ Category

While some parts of the country are subject to decreasing numbers of foreclosures, Raleigh is a city that has had the opposite luck. The Raleigh movers have learned that Raleigh is among five U.S. markets with the highest amount of foreclosures in the pipe. Other areas that are struggling include Pittsburgh, Philadelphia, Virginia Beach, and Indianapolis.

The residential division of real estate has been hit the hardest with foreclosures, and that combined with the decreasing value of homes is a dangerous mix for the real estate sector in the Research Triangle area. While some areas actually saw foreclosure decline—such as Portland, Las Vegas and Salt Lake City, Raleigh is certainly on a troubling side of the foreclosure statistics.

The North Hills apartment complex Park & Market has recently sold for $82 million to a Texas investor. That price sets the individual condo units at an area record-high of over $200k a piece. There are also several ground level spaces designated for retail spaces, however, the retail space was excluded from the transaction.

Kane Realty Corp has not only retained the retail space, they’ve also recently refinanced their Goldman Sachs loan. The Raleigh movers are curious to see what possible residential and commercial changes may head to the area in the coming months. We’ll keep you posted on pertinent news for the Raleigh area and also informed of real estate transactions of public interest.

The Triangle Town Center is having trouble selling commercial space, much to a different tune than nearby Durham and Raleigh shopping centers. The Town Center is behind projected estimates for the complex which have it priced at $287 per square foot as recently as 2011. That’s considerably low in comparison to Raleigh’s Crabtree Valley Mall, where average stores are renting for $665 per square foot. But, for some reason, the buyers aren’t biting.

The Raleigh movers are curious as to why the town center has yet to fill out or even hit a decent number of tenants. Perhaps it’s priced too low, if there is such a thing? Speak out & share your thoughts!

According to reports, Raleigh is advanced beyond cities throughout the US in its technology endeavors, including mobile apps. The city has created everything from SeeClickFix app to report pot holes and other city problems, as well as the sex offender app that alerts you of nearby reported sex offenders in the area. Bus routes, happy hours, cab companies–all are accessible by Raleigh apps!

Aside from the app market, the real estate market is worth noting too. Raleigh movers are happy to share that our city is a “one to watch” in 2012, and single family home prices are on the rise. If you’re looking to move to Raleigh, we suggest you strike while the iron is hot and consider a move sooner rather than later.

An extended-stay hotel is coming to downtown Raleigh, thanks to a local developer looking to enhance the downtown region. Summit Hospitality Group has secured the necessary finances to build a Residence Inn by Marriott directly across from the Raleigh Convention Center.

Downtown Raleigh has long needed substantial lodging for the many conferences and events held at the conference center. Currently, there are only about 1,000 rooms available downtown for visitors. With the addition of the Residence Inn, that number should increase by 500-700 rooms.

Here at the Raleigh commercial movers, we know that there are slight trends in the city that point towards the possibility of an economic revival. Occupancy in downtown buildings is now up almost 2 percent from a year prior, and the area is certainly staying busy. Hopefully the trends continue and the numbers only get better over time.

Raleigh’s Brier Creek area is getting a nice, new $37 million apartment complex which is set to being construction in the coming months and anticipated completion in June 2013.

The complex is set to be titled Crest at Brier Creek, and will contain almost 300 residential units. The complex is actually one of several new developments coming to the Raleigh area.

The Raleigh movers are no stranger to apartment living here in the Triangle area. Currently, there are about 100,000 apartment units here, with another 8,000 proposed in the region. Additionally, rental rates have seemingly risen with the number of available units–despite a increase in apartments, the vacancy rate is still at its lowest point this decade.

Downtown Raleigh will be getting a new shared work space, thanks to a Raleigh real estate developer. 3,000 square feet on Wilmington Street will act as a home base consisting of nine separate office suites priced under $700 each a month and offering a downtown address for budding entrepreneurs.

Included in the price? Internet, fax, and shared kitchen, lobby, shower and bike room areas.

The shared space also allows for close knit networking and referrals. The Raleigh movers think the Wilmoore Lofts will be a sure hit for the forward-thinking Raleigh area.

Here at the Raleigh movers, we understand times they are a-changing. The American dream no longer consists of a two story home with a white picket fence–and really hasn’t for a while. These days, people seem more inclined to maximize smaller spaces and don’t really care for the maintenance that comes with a big private yard.

Enter: the townhouse. Once strictly seen in urban areas like Manhattan (or Brooklyn brownstones, for example), the townhouse is now a common element of city planning and neighborhood development. In Raleigh, we are no exception. People want the suburban safety without the acreage–the city living outside of the city.

In other countries, like throughout Europe and even in South America, townhomes are the norm. It isn’t to say families can’t afford single, free-standing homes–they just choose not to.

What do you think? Do you prefer the traditional suburban housing of a single home, or are you attracted to the community aspect of a townhome. As long as there aren’t paper thin walls between you and your neighbor, we don’t see the harm!

A large residential firm in Wilmington is merging with a brokerage firm in Raleigh’s Research Triangle, which will bring together more than 600 agents. Coldwell Banker Sea Coast Realty of Wilmington will merge with Coldwell Banker Advantage of Raleigh and Fayetteville to form the Sea Coast Advantage.

The merger will not result in any layoffs or office consolidations, much to the happiness of current employees. With offices operating in 15 countries and 26 offices just in Wilmington, Jacksonville, Raleigh, and Fayetteville, there should also be potential for new positions opening up. The Raleigh movers are excited to have a powerhouse realty company located within our city.

In Raleigh, home prices have continually dropped, along with the majority of the rest of the United States. While prices are estimated to stabilize in the middle of next year, the road leading there will tell a lot about the progress that the real estate market has made locally.

The economy in Raleigh is strengthening a little bit each day, at least that’s what we see here at the Raleigh movers. Combined with the low home prices and the stability of the area, there should definitely be improvements in the local economy if these trends continue.

The question for many is whether or not now is the time to buy. With mortgages down and rents up, it seems so. If you have the means, then you should certainly explore your options. It could mean paying less monthly on a mortgage than you currently are on a rental! Plus, you would being paying monthly towards something–owning. It’s certainly worth looking in to.